Research >> Economics
Wholesale Inventories up 1.0% in December
|
December 2016 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $464.9 billion, up 2.6 percent (±0.7 percent) from the revised November level and were up 6.8 percent (±0.9 percent) from the December 2015 level. The October 2016 to November 2016 percent change was revised from the preliminary estimate of up 0.4 percent (±0.5 percent)* to up 0.5 percent (±0.5 percent)*.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $601.1 billion at the end of December, up 1.0 percent (±0.4 percent) from the revised November level. Total inventories are up 2.6 percent (±1.4 percent) from the revised December 2015 level. The November 2016 to December 2016 percent change was unrevised from the advance estimate of up 1.0 percent (± 0.4 percent).
The December Inventories/Sales Ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.29. The December 2015 ratio was 1.35.
Posted: February 9, 2017 Thursday 10:00 AM